Accounting

For equity research and investment roles, a very good understanding of accounting is required to parse through financial statements and figure out what does and does not matter.
Understanding how things flow through the three statements and how foreign operations affect company profits and cash flow is especially important for companies

What does a Big 4 professional services firm do in terms of Transaction Advisory/M&A advisory?
Big 4 M&A typically has three sub-departments: Transaction Advisory, Corporate Finance, and Integration Services. Transaction Advisory does a lot of financial due diligence, which is coming up with a normalized level of EBITDA/NWC/net debt and analyzing